Athena Tech II to Delist from NYSE, List on Nasdaq
Ticker: ATEKW · Form: 8-K · Filed: Nov 25, 2024 · CIK: 1882198
Sentiment: neutral
Topics: delisting, transfer-listing, spac
Related Tickers: ATHA
TL;DR
Athena Tech II is ditching the NYSE for Nasdaq starting Nov 28th. Ticker change to ATHA.
AI Summary
Athena Technology Acquisition Corp. II announced on November 20, 2024, that its common stock and warrants will be delisted from the New York Stock Exchange (NYSE) and transferred to the Nasdaq Capital Market. The company expects trading on the NYSE to cease on November 27, 2024, with Nasdaq listing to commence on November 28, 2024, under the ticker symbol 'ATHA'.
Why It Matters
This move signifies a change in trading venue for Athena Technology Acquisition Corp. II, potentially impacting liquidity and investor access.
Risk Assessment
Risk Level: medium — Delisting and transferring exchanges can introduce volatility and uncertainty for investors.
Key Numbers
- November 27, 2024 — NYSE Delisting Date (Last day of trading on NYSE)
- November 28, 2024 — Nasdaq Listing Date (First day of trading on Nasdaq)
Key Players & Entities
- Athena Technology Acquisition Corp. II (company) — Registrant
- New York Stock Exchange (NYSE) (company) — Current Exchange
- Nasdaq Capital Market (company) — New Exchange
- November 20, 2024 (date) — Report Date
- November 27, 2024 (date) — NYSE Delisting Date
- November 28, 2024 (date) — Nasdaq Listing Date
- ATHA (ticker) — New Nasdaq Ticker Symbol
FAQ
What is the primary reason for Athena Technology Acquisition Corp. II's transfer from NYSE to Nasdaq?
The filing does not explicitly state the primary reason for the transfer, but it announces the event and the expected dates for delisting and relisting.
What will be the new ticker symbol for Athena Technology Acquisition Corp. II on the Nasdaq Capital Market?
The new ticker symbol will be 'ATHA'.
When is the last day Athena Technology Acquisition Corp. II expects to trade on the NYSE?
The company expects trading on the NYSE to cease on November 27, 2024.
When will Athena Technology Acquisition Corp. II begin trading on the Nasdaq Capital Market?
Trading on the Nasdaq Capital Market is expected to commence on November 28, 2024.
What type of company is Athena Technology Acquisition Corp. II?
Athena Technology Acquisition Corp. II is a blank check company, as indicated by its SIC code [6770].
Filing Stats: 1,033 words · 4 min read · ~3 pages · Grade level 13.3 · Accepted 2024-11-25 16:54:53
Key Financial Figures
- $0.0001 — hare of Class A Common Stock, par value $0.0001 per share, and one-half of one Redeemab
- $11.50 — r one share of Class A Common Stock for $11.50 per share ATEK WS NYSE American I
Filing Documents
- ea0222507-8k_athena2.htm (8-K) — 50KB
- ea022250701ex99-1_athena2.htm (EX-99.1) — 9KB
- 0001213900-24-102237.txt ( ) — 288KB
- atek-20241120.xsd (EX-101.SCH) — 4KB
- atek-20241120_def.xml (EX-101.DEF) — 27KB
- atek-20241120_lab.xml (EX-101.LAB) — 37KB
- atek-20241120_pre.xml (EX-101.PRE) — 25KB
- ea0222507-8k_athena2_htm.xml (XML) — 8KB
01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On November 20, 2024, Athena Technology Acquisition Corp. II, a Delaware corporation (the "Company"), received an official notice of noncompliance (the "NYSE American Notice") from NYSE Regulation ("NYSE") stating that the Company is not in compliance with NYSE American continued listing standards due to the failure to timely file the Company's Form 10-Q for the quarter ended September 30, 2024 (the "Delinquent Report") by the filing due date of November 19, 2024 (the "Filing Delinquency"). The Company intends to file the Delinquent Report in the near future, however, there is currently no anticipated date for when such Filing Delinquency will be cured via the filing of the Delinquent Report. The Company expects, however, to regain compliance with the NYSE American continued listing standards once the Delinquent Report has been filed. In the interim, the NYSE American Notice has no immediate effect on the listing or trading of the Company's Class A common stock listed on NYSE American. There can be no assurance that the Company will ultimately regain and remain in compliance with all applicable NYSE American listing standards. Item7.01. Regulation FD Disclosure. On November 25, 2024, the Company issued a press release announcing its receipt of the NYSE American Notice. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information under this Item 7.01, including Exhibit 99.1 hereto, is being furnished herewith and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific refere